Analytical procedures (finance auditing)

Analytical procedures in finance auditing are rules and methods that auditors use to check if a company's financial records are accurate. An auditor looks for any large changes in a company's financial numbers from one period to the next to make sure that the company is not trying to hide any financial problems or fraudulent activities. Auditors also look for any incorrect numbers or mistakes in a company's records. They may also compare a company's performance to the performance of similar companies in the same industry. By doing these kinds of checks, auditors can help make sure that a company is telling the truth about its financial information.